That is right, Madam Speaker; it is Loblaw. Does my colleague know what the percentage is? He does not. It is 42%, so 42% of groceries in this country are controlled by Loblaw and their retail. With Loblaw and a couple of the other large grocery retailers, very quickly I see how we have created an oligopoly here. There is an oligopoly operating in our country when it comes to grocery sales.
It becomes very important to identify what is going on here and to put measures in place to ensure that they are properly dealt with, and that is exactly what we are doing. It is what Conservatives are against. They are very loud and have a lot to say when it comes to government spending, but they are absolutely silent when it comes to the profits that are being made by Loblaw, probably because the Leader of the Opposition's own chief campaign manager, Jenni Byrne, is an actual lobbyist for Loblaw.
The campaign manager of the very individual who is standing up trying to fight against lobbyists and saying lobbyists are useless is a lobbyist for Loblaw. She has a vested interest in ensuring that Loblaw keeps its prices high, so how can anybody actually listen to what the Leader of the Opposition, the member from Carleton, says, and actually think that he is being genuine in any regard when he suggests that he understands the impacts of the greedy corporations we are seeing, in particular the retail grocery giants and Loblaw, which I mentioned specifically?
A few of the other initiatives that are in this particular piece of legislation, the fall economic statement, include unlocking $20 billion in new financing to build 30,000 more apartments per year. Conservatives love to get up and talk about how no apartments have been built, apparently. However, I can tell members that, in my riding alone, we are now on the 13th affordable housing project that has been built in Kingston, in which the federal government has, in one way or another, been a partner.
I get a real kick out of it when I hear Conservatives go on and on about it. Meanwhile, when the Leader of the Opposition was the housing minister, he built a total of six units, not buildings, not duplexes, but six units. The number seemed so wildly low to me that I thought it was impossible, that somebody was doing something with the numbers, that there was no way that this could be real, until I realized that this information actually came forward from an Order Paper question that was tabled. That information is tabled and available for everybody to see: In the one year when the member for Carleton was the minister responsible for housing, he built a total of six units. Those six units happen to be in Quebec, if one goes and looks at the numbers. However, he built a total of six units throughout the entire country.
Another thing we have done, through the fall economic statement, is to launch the new tax-free first home savings account. This has helped over half a million Canadians start saving for their first home. We have supported seniors through the Canada pension plan, the guaranteed income supplement and old age security, all of which are indexed to inflation.
Canadians are not going to forget very easily how the Leader of the Opposition, when he was in government previously, raised old age security, the OAS, to 67 years old. If there is anybody out there who is in their early 60s and planning for their retirement, they should seriously give some thought to whom they want to elect as their next government and whether it is a former member of a government that has a track record of actually increasing old age security requirements from 65 years old to 67. In all likelihood, it is going to happen again.
Earlier tonight, when we heard Conservatives talking about how they “balanced” the budget in 2015, I guess that, from an accounting perspective, they did. However, let us look at what they did to get there. They increased old age security to 67. They closed veterans' offices, doing this all on the backs of veterans. They did a number of initiatives to “balance” the budget. They did it in that one year in 2015, if one actually accepts the fact that one would consider that a balanced budget.
People have to understand that, when Conservatives talk about balancing the budget, they are really talking about cuts. Out of every Conservative budget that was introduced between 1990 and present day, only two of them ran surpluses. There is that made-up surplus I just talked about from 2015. There was also another one that Stephen Harper had at the beginning of his term as prime minister, and that was because it was coming off the heels of Paul Martin's surplus that he had. This is factual. Those are the only two budgets that ran surpluses. The reason governments will run deficits is that, as long as one's economy is growing at a faster pace than one is taking on that debt, one is still in a very healthy position. It is why we continue to get AAA credit rating reports from independent third parties for the manner in which the government is spending and taxing.
It is why we continue to see, year over year, more investments made in Canadians. It really just comes down to whether one thinks that there is a role for government to play in ensuring that people have equal opportunities.
That is exactly what we see as a government, which is that at least people have to have a shot at being able to strive and get what they want and hope to get out of their career and their life.
There are a number of other issues in here. The other one I wanted to touch on was $10-a-day child care, which was another issue that was updated in the fall economic statement. This was a very important piece of legislation that brought in an opportunity to empower more people to get out into the workforce. We have already seen it. We did not have to go far in order to study it. All we had to do was look at what was happening in Quebec and how more people, more spouses and, in particular, more women were in the workforce as a result of $10-a-day child care. This is another advancement our government is continuing to push forward in the spirit of fairness, equality and opportunity for everybody.
I look forward to the question from the member for Saskatoon—University at this point. I am sure it will be great.